VanEck Gold Miners ETF (GDX) Buy, Sell or Hold

VanEck Gold Miners ETF (GDX)

81.44

-1.07 (1.30%)

as of Jun 22, 2026, 8:00:00 pm Market Open.

51 watching

WEAK BUY

He's had a love/hate feeling towards gold. He's held this only for a short time, because the tailwinds for gold are turning into headwinds. Fears of a collapse in the market and US dollar have not happened, so gold has suffered. The story of the US as the best house on the block is now fraying. He is not bullish gold long-term. He just bought GDX for tactical balance, expecting weakness in the US dollar, but long-term, like 3-5 years, he isn't excited about gold. If global growth stabilizes and the US dollar weakens, gold ETFs should soar.

BUY

Gold - Holding https://www.mint.ca/store/mint/about-the-mint/exchange-traded-receipts-etr-6600002 Holding bullion is fine, but if you're really bullish gold, then hold the stocks. You'll get 2:1 upside vs. the bullion. He's market neutral, but very bullish gold long-term using call spreads using GDX. But gold could pullback to the $1,400 break-out; that's the downside risk.

COMMENT

Look at the GDX chart to read gold--the GDX is in an uptrend since mid-2018, but has been recently pulling back. The smart money is very short, but Nov-Feb is strong seasonality for gold--so, gold can go one of those two ways. He sees a gold rally that will coincide with a market pullback coming soon.

TOP PICK

You get more torque than out of the commodity itself. Gold will have good support now.

TOP PICK

If the world can figure out how to deal with $50 TRILLION of negative yielding debt, or if the global trade tensions are dealt with and the economic growth continues this may not be a great holding, so he is nervous to recommend it. This is a real store of value in a low interest rate environment. He continues to think yields will drop and economic growth will not accelerate. Yield 0.38%

WATCH

He uses GDX to play the mid to large gold sector. You want to buy dips. It will be volatile in the next few months.

TOP PICK

Rather than playing bullion directly, this ETF has a lot of the big cap stocks like Barrick, Agnico, and Franco-Nevada. Diversify the risk, and a more direct play on the commodity. He's more confident in gold going higher than any specific country or mine. Yield is 0.38%.

N/A

Educational Segment. Gold with negative interest rates. Gold with negative interest rates. Gold is an attractive asset class. GDX-N is an example. Gold peaked out at US$1900 in 2011 and there will be a lot of resistance at $1525. He thinks we have a date with gold at $1900 again. It's at a 35 year low and is a no-brainer. He thinks this ETF could double.

TOP PICK

The fundamental back drop and good technicals support this. A macro call on real interest rates as the yield curve goes negative. He would trade this with a stop, which could get triggered if the trade war saber rattling ends. Yield 0.36%

TOP PICK

Low interest rates and weaker non-US currencies will continue to drive gold. This holds the big Canadian gold stocks. It's time for gold to shine.

COMMENT

He does not generally buy ETFs. Gold producers have a long history of messing up their own good fortune. There are often operational disconnects between the share price and bullion prices. He would prefer to play gold with GLD-N. He feels doing so creates a good hedge against other asset classes. If we head into recessionary pressures, holding GLD-N could play well. Don't hold more than 5-6% of your portfolio in gold.

BUY

Gold responds well during inflationary periods, with or without growth. You can play the gold miners or this ETF, which is market-cap weighted. It's a good ETF especially for growth.

WATCH

There's more interest in Crypto and Bitcoin than gold as a safe haven. The former was way oversold. He owns a bit of Franco Nevada. At some point there will be a shift back to gold, though he doesn't know when. It's been a slog for gold bugs, but things should change.

SELL

An ETF with large gold miners in the US. The gold price has been pulling back and miners have slid down as well. It is getting whacked from both sides. Go into this when the stock market is going to do well as well as the metals. He would not hang on to this at this time. This is not a seasonally strong period for gold.

COMMENT

When buy this ETF, you are just buying what is in the index. It’s not managed, it is just market cap weighted. Managed money is completely different. He has very little overlap with what is in the index, and has a history of outperforming the index. Compare this against the different mutual funds to see how they performed.

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VanEck Gold Miners ETF (GDX)